Clough Global Opportunities Fund Section 19(a) Notice
Clough Global Opportunities Fund (GLO) has announced its monthly distribution of $0.0480 per share, paid on December 30, 2024, to shareholders of record as of December 16, 2024. The distribution analysis reveals that 100% of the current distribution ($0.04800) comes from return of capital or other capital sources. The Fund's fiscal year-to-date performance shows a cumulative total return on NAV of 2.56% and an annualized distribution rate of 9.34% based on NAV. The Fund's 5-year average annual total return on NAV stands at 1.67% as of November 30, 2024.
Clough Global Opportunities Fund (GLO) ha annunciato la sua distribuzione mensile di $0.0480 per azione, che sarà pagata il 30 dicembre 2024, agli azionisti registrati al 16 dicembre 2024. L'analisi della distribuzione rivela che il 100% della distribuzione attuale ($0.04800) proviene da un ritorno di capitale o altre fonti di capitale. Le performance dell'anno fiscale del Fondo fino ad oggi mostrano un ritorno totale cumulativo sul NAV del 2,56% e un tasso di distribuzione annualizzato del 9,34% basato sul NAV. Il ritorno totale annuale medio del Fondo su 5 anni si attesta all'1,67% al 30 novembre 2024.
Clough Global Opportunities Fund (GLO) ha anunciado su distribución mensual de $0.0480 por acción, que se pagará el 30 de diciembre de 2024, a los accionistas registrados al 16 de diciembre de 2024. El análisis de la distribución revela que el 100% de la distribución actual ($0.04800) proviene de la devolución de capital u otras fuentes de capital. El rendimiento acumulado del Fondo hasta la fecha en el año fiscal muestra un retorno total acumulado sobre el NAV del 2.56% y una tasa de distribución anualizada del 9.34% basada en el NAV. El retorno total anual promedio del Fondo en 5 años se sitúa en el 1.67% al 30 de noviembre de 2024.
클라우 글로벌 오퍼튜니티 펀드 (GLO)는 2024년 12월 30일에 유한책임 투자자에게 지급될 주당 $0.0480의 월 배당금 발표했다. 배당 분석 결과, 현재 배당금인 $0.04800의 100%가 자본 환급 또는 기타 자본원에서 나오고 있다. 펀드의 회계 연도 기준 현재까지 성과는 순자산(NAV) 기준 누적 총 수익률 2.56%과 NAV 기준 연환산 배당률 9.34%를 보여준다. 2024년 11월 30일 기준 펀드의 5년 평균 연간 총 수익률은 1.67%에 이른다.
Clough Global Opportunities Fund (GLO) a annoncé sa distribution mensuelle de 0,0480 $ par action, qui sera versée le 30 décembre 2024, aux actionnaires inscrits au 16 décembre 2024. L'analyse de la distribution révèle que 100 % de la distribution actuelle (0,04800 $) provient de la restitution de capital ou d'autres sources de capital. La performance du Fonds depuis le début de l'année fiscale montre un rendement total cumulé sur la NAV de 2,56% et un taux de distribution annualisé de 9,34% basé sur la NAV. Le rendement total annuel moyen du Fonds sur 5 ans est de 1,67 % au 30 novembre 2024.
Clough Global Opportunities Fund (GLO) hat seine monatliche Ausschüttung von 0,0480 $ pro Aktie bekannt gegeben, die am 30. Dezember 2024 an die am 16. Dezember 2024 registrierten Aktionäre ausgezahlt wird. Die Analyse der Ausschüttung zeigt, dass 100 % der aktuellen Ausschüttung (0,04800 $) aus Rückflüssen von Kapital oder anderen Kapitalquellen stammt. Die bis heute im Geschäftsjahr erzielte Leistung des Fonds zeigt eine kumulative Gesamtrendite auf den NAV von 2,56% und eine jährliche Ausschüttungsquote von 9,34% basierend auf dem NAV. Die durchschnittliche jährliche Gesamtrendite des Fonds über 5 Jahre beträgt zum 30. November 2024 1,67 %.
- Monthly distribution maintained at $0.0480 per share
- Cumulative total return on NAV of 2.56% for fiscal year-to-date
- High annualized distribution rate of 9.34% based on NAV
- 100% of distribution comes from return of capital, not from income or capital gains
- Low 5-year average annual total return of 1.67%
Insights
The Clough Global Opportunities Fund's monthly distribution announcement reveals concerning patterns. The fund's entire
The fund's metrics paint a challenging picture: an annualized distribution rate of
For investors, this return of capital distribution structure could have tax implications and may mask the fund's actual performance. While return of capital distributions aren't immediately taxable, they reduce the cost basis of shares, potentially leading to larger capital gains taxes when shares are sold.
The distribution structure warrants careful tax consideration. With
The absence of investment income or capital gains components in the distribution suggests potential portfolio performance issues. While return of capital can be tax-efficient in certain scenarios, this pattern raises red flags about the fund's ability to generate genuine investment returns to support its distribution policy.
Statement Pursuant to Section 19(a) of the Investment Company Act of 1940
DENVER, CO / ACCESSWIRE / December 30, 2024 / On December 30, 2024, the Clough Global Opportunities Fund (NYSE American:GLO) (the "Fund"), a closed-end fund, paid a monthly distribution on its common stock of
The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder. The Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.
Current Distribution from: |
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| Per Share ($) |
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| % |
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Net Investment Income |
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| 0.00000 |
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| 0.00 | % |
Net Realized Short-Term Capital Gain |
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| 0.00000 |
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| 0.00 | % |
Net Realized Long-Term Capital Gain |
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| 0.00000 |
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| 0.00 | % |
Return of Capital or other Capital Source |
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| 0.04800 |
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| 100.00 | % |
Total (per common share) |
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| 0.04800 |
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| 100.00 | % |
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Fiscal Year-to-Date Cumulative Distributions from: |
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| Per Share ($) |
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| % |
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Net Investment Income |
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| 0.00000 |
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| 0.00 | % |
Net Realized Short-Term Capital Gain |
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| 0.00000 |
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| 0.00 | % |
Net Realized Long-Term Capital Gain |
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| 0.00000 |
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| 0.00 | % |
Return of Capital or other Capital Source |
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| 0.09600 |
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| 100.00 | % |
Total (per common share) |
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| 0.09600 |
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| 100.00 | % |
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The amounts and sources of distributions reported in this 19(a) Notice are only estimates and not for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with ‘yield' or ‘income.'
Presented below are return figures, based on the change in the Fund's Net Asset Value per share ("NAV"), compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last business day of the month prior to distribution record date.
Fund Performance & Distribution Information
Fiscal Year to Date (11/01/2024 through 11/30/2024) | |||||
Annualized Distribution Rate as a Percentage of NAV^ |
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| 9.34 | % |
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Cumulative Distribution Rate on NAV^ + |
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| 1.56 | % |
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Cumulative Total Return on NAV* |
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| 2.56 | % |
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Average Annual Total Return on NAV for the 5 Year Period Ending 11/30/2024** |
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| 1.67 | % |
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Past performance is not indicative of future results.
^ Based on the Fund's NAV as of November 30, 2024.
+Cumulative distribution rate is based on distributions paid to date for the period November 1, 2024 through
December 31, 2024.
*Cumulative fiscal year-to-date return is based on the change in NAV including distributions paid and assuming reinvestment of these distributions and that all rights in the Fund's rights offering were exercised, for the period November 1, 2024 through November 30, 2024.
**The 5 year average annual total return is based on change in NAV including distributions paid and assuming reinvestment of these distributions and that all rights in the Fund's rights offering were exercised, as of the last business day of the month prior to the month of the current distribution record date.
While the NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.
Shareholders should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Managed Distribution Plan.
Furthermore, the Board of Trustees reviews the amount of any potential distribution and the income, capital gain or capital available. The Board of Trustees will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment. The Fund's distribution policy is subject to modification by the Board of Trustees at any time. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
Contact Info:
Website: https://www.cloughcefs.com/
Email: cloughclientinquiries@paralel.com
SOURCE: Clough Global Opportunities Fund | GLO
View the original press release on accesswire.com
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